Bausch Health Companies Sees Unusually Large Options Volume (NYSE:BHC)

Bausch Health Companies Inc. (NYSE:BHC – Get Rating) was the recipient of some unusual options trading on Thursday. Traders purchased 28,075 call options on the stock. This is an increase of 45% compared to the typical daily volume of 19,298 call options.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Bausch Health Companies in a research report on Thursday. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Bausch Health Companies currently has an average rating of “Hold” and an average price target of $8.67.

Institutional Trading of Bausch Health Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. National Bank of Canada FI raised its holdings in Bausch Health Companies by 12,687.5% during the fourth quarter. National Bank of Canada FI now owns 13,136,603 shares of the company’s stock valued at $82,497,000 after acquiring an additional 13,033,873 shares during the period. Natixis boosted its position in shares of Bausch Health Companies by 97.7% during the fourth quarter. Natixis now owns 15,817,975 shares of the company’s stock worth $99,337,000 after acquiring an additional 7,817,975 shares during the last quarter. Mizuho Markets Cayman LP purchased a new position in Bausch Health Companies during the first quarter valued at $56,700,000. Mizuho Markets Americas LLC purchased a new position in Bausch Health Companies during the first quarter valued at $56,700,000. Finally, ING Groep NV lifted its stake in Bausch Health Companies by 341.1% in the 4th quarter. ING Groep NV now owns 8,821,000 shares of the company’s stock worth $55,396,000 after purchasing an additional 6,821,000 shares in the last quarter. 66.99% of the stock is owned by hedge funds and other institutional investors.

Bausch Health Companies Price Performance

NYSE BHC opened at $8.56 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 139.36. Bausch Health Companies has a 52 week low of $4.00 and a 52 week high of $10.41. The firm has a market capitalization of $3.10 billion, a P/E ratio of -8.73, a PEG ratio of 0.09 and a beta of 0.98. The company has a 50-day moving average price of $7.27 and a 200-day moving average price of $7.49.

Bausch Health Companies (NYSE:BHC – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.12 billion. Bausch Health Companies had a positive return on equity of 381.67% and a negative net margin of 4.38%. Equities research analysts anticipate that Bausch Health Companies will post 3.34 earnings per share for the current year.

About Bausch Health Companies

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Bausch Health Cos., Inc engages in the development, manufacture and market of a range of branded, generic and branded generic pharmaceuticals, medical devices and over-the-counter products. It operates through the following segments: Salix, International, Solta Medical, Diversified Products, and Bausch + Lomb.